EL-RUFAI’S FAMILY PROTESTS SSS DETENTION, ALLEGES TORTURE, MEDICAL NEGLECT. (PHOTOS).

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 El-Rufai’s Family Protests SSS Detention, Alleges Torture, Medical Neglect Former Kaduna State Governor Nasir Ahmad El-Rufai has continued to face controversy over his detention, as members of his family and supporters staged a protest in Abuja on Monday over his custody by the State Security Service (SSS). The demonstrators, which included Senator Lawal Adamu and close relatives of the former governor, accused security authorities of subjecting him to psychological pressure and denying him access to medical care despite existing court directives. Speaking outside the SSS facility, El-Rufai’s second wife, Asia, said the family had been living under fear due to what she described as persistent surveillance and security intimidation connected to the case. According to her, the tension increased after El-Rufai appeared before Justice Joyce Abdulmalik of the Federal High Court in Abuja, where he was granted bail before the matter was adjourned.  She alleged that despite prior arr...

FITCH RATINGS UPGRADES NIGERIA ON THE BACK OF TINUBU'S REFORMS: BLOOMBERG. (PHOTO). #PRESS RELEASE


 Fitch Ratings upgrades Nigeria on the back of Tinubu's reforms: Bloomberg


Fitch Ratings, a global credit rating agency, has upgraded its credit rating of Nigeria to B due to recent reforms implemented by President Tinubu's administration.


In making the upgrade, Fitch cites improved policy credibility and reduced near-term risks to macroeconomic stability.


What the new rating means for Nigeria: Fitch now has a more positive outlook on the country's economic stability and creditworthiness. The upgrade will increase the country's ability to attract foreign investment, borrow money on international markets at better interest rates, and boost investor confidence. 


“The upgrade reflects increased confidence in the government’s broad commitment to policy reforms implemented since its move to orthodox economic policies in June 2023, including exchange rate liberalisation, monetary policy tightening, and steps to end deficit monetisation and remove fuel subsidies,” Fitch said in a statement Friday.


In May, the rating agency lifted Nigeria's credit outlook to positive from stable, citing government efforts to restore economic stability. However, it left the rating on its long-term foreign currency debt at B-.

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